Tag: #Unlimitedtrading

Morning Business News :

• Lok Sabha passes Bankruptcy Bill, to help in ease of doing biz 
• Port-based 29 industrial projects to boost exports by $ 110 bn
• ITC shuts plants to comply with new pictorial warnings rule for cigarette packets 
• 100% FDI allowed in online retail under new rules
• Big firms left out of on-tap bank licence
• MMTC gets Rs 724 cr commission from NINL since 2001-02
• Pay Rs 2,500 cr to Daiichi for hiding facts, court orders former Ranbaxy promoters
• India intends to confiscate overseas assets of wilful defaulters
• New Development Bank inks deal with ICICI Bank for business partnership

• Illegal cigarette trade burning holes of Rs 24 bn in Pakistan’s pocket
• Lenders to revalue Kingfisher House; hope to sell it shortly
• MCB India Sovereign Bond ETF launched in Mauritius SE
• Camlin Fine Sciences buys 65 per cent stake in Mexican firm 
• Maharashtra sugarcane output to fall 40% as dry conditions prevail
• No plan to tax agricultural income: Arun Jaitley
• NTPC warns BSES of cut in power supply from 10 May
• China’s Dalian Wanda Group looks to buy multiplexes in India
• Cabinet gives flexibility on coal supply to power plants
• Airtel to divest 950 towers in Congo to reduce debt
• Sensex settles 160 points up, Nifty ends at 7,735;
• Buyers to pay 1 per cent tax on vehicles costing over Rs 10 lakh
• Cairn can’t export crude till India attains self sufficiency
• US jobless claims post largest rise in more than a year
• UK talking ‘intensively’ with Tata Steel: David Cameron
• Apple loses trademark lawsuit over ‘iPhone’ name in China
• Waive off loans of drought-hit farmers, asks opposition
• Equipment exchange finance platform by Srei Finance

Today’s Wealth Mantra !

“Investing money is the process of committing resources in a strategic way to accomplish a specific objective.” ― Alan Gotthardt

Morning Business News :

• India to set up panel to cleanup bad debt mountain
• Idea may spend $1.3 billion to buy data spectrum
• Govt may offer bluechip PSU shares to FIIs, domestic buyers
• Banks now go the extra mile with the clean-up act
• Deadline for paying TDS on property sale extended
• BPM sector stares at $1 bn loss due to diesel ban
• Cut in coal imports may save Rs 40,000 crore this fiscal
• 7 banks to pay $324 million for interest rate manipulation
• Rajya Sabha accepts Vijay Mallya’s resignation
• Cabinet approves MoU between RBI and Central Bank of UAE
• L&T Infotech signs a multi-year contract with Elkjøp Nordic

• Derivatives lot size increase boosts margin funding business
• World’s first diamond trading exchange going live from today
• Diesel taxi ban could cost BPO sector $1 billion
• Internet users in India to cross 500 mn in 2016
• 2,508 cities selected under PM’s scheme for affordable housing
• NTPC asks BSES to clear ₹1,300-cr dues or face supply cut
• India, Pak business forum vows to augment trade ties
• Lenders to revalue Kingfisher House; hope to sell it shortly
• Adani Ports shares drop due to equity dilution
• Banks tell Essar Steel to find a buyer by June-end
• JSW Energy to buy JSPL’s Chhattisgarh power project
• Parag Milk IPO gets subscribed 10% on Day 1
• Sensex falls for third day in a row, ends 128 points down
• Financial inequality highest in India, China: International Monetary Fund
• Bank credit grows at 9.7 per cent in December quarter: RBI
• India received $48 bn in remittances in 9 months of last fiscal
• JSPL Q4 net loss narrows to Rs 371 cr; sells power asset
• RPower gets nod for LNG-based plant in Bangladesh
• Gold rally stalls as prices climb too far, too fast

Today’s Wealth Mantra !

“Investing money is the process of committing resources in a strategic way to accomplish a specific objective.” ― Alan Gotthardt

Morning Business News :

• Piramal Enterprises enters fray for Lanco Infra assets
• Vedanta back on track, may be in for a re-rating soon
• Vodafone, government begin talks to settle tax row
• Wilful defaulters owe Rs 66k cr to govt banks
• Cabinet may take up flexible domestic coal use policy
• Crops disappear from Telangana farms as water table drops
• Mallya’s resignation from Rajya Sabha rejected
• Tube Investments posts 5-fold rise in net profit at Rs 725 crore
• Option trading may be allowed in selective agri and metals initially
• Biggest tech merger in history to be called Dell Technologies

• India to pay 1.5% interest on $6.5 bn Iran oil dues
• China, Japan growth to slow sharply in 2016: IMF
• Rolta India bags contract from UK-based power firm
• Reliance Capital Asset buys one lakh shares of Agro Tech Foods 
• Parag Milk Foods IPO to hit markets on May 4
• Dumping duty imposed on measuring tapes
• US stocks drop more than 1% as growth fears resurface
• India rejects Apple plan to sell cheaper refurbished iPhones
• Airtel Payments Bank to start services between July and Sept

• New mining law to spur cement, steel M&As
• Kotak Mahindra surpasses ICICI Bank in market valuation
• RBI working on regulation to curb fraud in electronic transactions
• Government warns real estate developers of action
• Sensex slides 207 points on global growth worries
• Govt targets Rs 64,580 cr revenue in FY17 from spectrum sale
• Paytm may begin payments bank operation in August
• Apple sees huge market potential in India: Tim Cook
• India IT Infra market on pace to touch $1.9b this year
• Google acquires Indian-origin entrepreneur’s start-up
• India rated 9th in FDI confidence index

Today’s Wealth Mantra !

“Life is simple but if you don’t put anything into it, you won’t get anything out of it.”
― Auliq Ice

Morning Business News :

• Parliamentary panel asks coal PSUs to recover dues
• India’s infrastructure output touches 16-month high in March 
• Govt mulls allowing loss-making PSUs run PF trusts
• NALCO agrees to buy back 25% stake from govt
• India to revoke compulsory sugar export order
• HDFC Ltd Q4 net profit jumps 31% to Rs 3,460 cr
• SBI, HDFC to launch nationwide sale of Sahara properties
• South India tea production hit due to heat wave, drought
• UN court rules in favor of Italy, asks India to free marine Salvatore Girone
• SEBI to firms: disclose shareholding, control data for past 3 yrs 
• Palm oil futures to test support levels, keep rising 
• MF body fails to cut ice with rigid SEBI on pay disclosure 
• Bajaj Auto April sales fall 2% on lower exports
• SBI revises minimum lending rate by 5 bps to 9.15%
• Convergys in talks to buy Minacs for $500 million
• Mahindra passenger vehicles sales grow 16% in April
• L&T Finance Q4 profit rises 15.22% to Rs236.85 crore
• India amends mining law in a boost to cement mergers and banks
• Maruti Suzuki’s domestic sales up 16% in April

• Strong Indian growth to push up Asian economy to 5.7%
• CBI denies its probe in coal scam compromised
• Govt may cap sugar holding at 500 tn per trader to curb hoarding 
• Kishore Biyani steps down as MD of Future Retail
• BoJ’s monetary policy could be harming Japan
• Indian-origin tycoon’s firm confirms bid for Tata Steel in UK
• RelianceDef gets 15 more permits across spectrum
• Rajya Sabha passes mines and minerals bill
• Tata Power goes digital, introduces app for stakeholders

Today’s Wealth Mantra !

“Life is simple but if you don’t put anything into it, you won’t get anything out of it.”
― Auliq Ice

Morning Business News :

• US continues to keep India on IP priority watch list
• Bankruptcy law okayed; good times over for wiful frauds
• DIPP moves cabinet note on 100% FDI in food processing
• Rise in pvt sector debt posing risk to economies: Fitch
• Bharti Airtel Q4 net profit up 2.8%, beats estimates 
• ED seeks to recall exemption given to Vijay Mallya
• UN chief urges end to nuclear weapons testing
• GST rollout, infra funding an uphill climb for India: Moody’s
• NHPC share sale subscribed 1.56 times
• US Federal Reserve keeps rates unchanged
• Biocon’s Q4 net profit jumps 250% to Rs 361 crore on exceptional income
• SC asks Sahara to submit list of all group assets
• India likely to become net importer of sugar as drought dries fields
• Iran seeks interest on $6.5 bn due from Indian oil refiners 
• Kerala gets first heat wave warning on blazing El Nino trail 
• GNFC back in black with Rs. 226 cr profit in FY-16  
• Walmart India awaits FDI policy guidelines for marketing food products

• Adani’s mining project in Australia faces another legal hurdle
• MCX copper slips below 200-day moving average
• Thyrocare raises Rs 144 crore from anchor investors
• Indian stainless-steel-bar exporters may face renewed EU tariffs
• TPG Growth buys India-focused cancer treatment chain
• Coromandel International’s net profit rises 35% in Mar quarter
• Start-up report says 50% decline in funding in March quarter
• Alembic Pharma net profit up 30%
• Infosys buys minority stake in US-based start-up Trifacta
• India’s World Bank ranking has improved: Nirmala Sitharaman
• TRAI to take action for call drops to protect consumer
• Indian Railways to harness 1000 MW solar power by 2020
• Slow networks in India preventing Apple from full bloom: Tim Cook
• 4,983 complaints against UIDAI operators for charging money
• Dumping duty on telecom gear from Huawei, ZTE
• Telephone subscriber base increases to 105 cr in Feb
• Non-core income pushes Yes Bank net by 27%
• KYC norms relaxed for import of gifts through courier

Today’s Wealth Mantra !

“The four most expensive word in the English language are ‘This time it’s different.”
― John Templeton

Morning Business News :

• World Bank raises crude price forecast to $41 for ’16
• Maruti Q4 net falls 12%; dividend at Rs 35/share 
• RIL may launch 4G services in 3 months; net $1 bn revenue
• Indian pvt defence industry divided over partnership
• Govt to sell 11.36% stake in NHPC tomorrow at Rs 21.75 a share
• Wheat procurement sees 3-fold jump to 14.58 mn tonnes so far
• Patanjali aims to beat Nestle, P&G & Colgate
• SC asks govt to set up a panel to probe bad loan issue
• IT dept to pay interest on delayed TDS refund
• 701 bad loan accounts owe PSU banks Rs 1.63 lakh crore
• Axis Bank Q4 net dips after 46 quarters
• Sebi ropes in HDFC Realty, SBI Capital for sale of Sahara assets
• 60% water cut for distilleries and breweries in drought-hit Marathwada
• Hindalco to sell Australian unit to Metals X
• Onus on banks, insurers to deliver on crop insurance  
• Maharashtra Cabinet approves draft Bill regulating pulse prices 
• Service tax returns filing date extended to April 29
• Oil prices edge up but concerns over Saudi output cap gains
• SC dismisses plea challenging reappointment of Sebi chief
• RBI to conduct OMOs on Thursday to infuse Rs 15,000 crore

• India is the biggest virtual exporter of water
• Maharashtra to seek World Bank loan for drought mitigation
• State Bank of Mysore Q4 profit down 23% to Rs105 crore
• Alipay raises record $4.5 billion to fund global expansion
• Sensex settles above 26K on firm global cues, corp earnings
• Realtors say no scope for further cut in housing prices
• Bharti Infratel Q4 Net jumps 19%; to buy back shares of Rs 2K cr
• Govt owes over Rs 43,000 cr subsidy to fertiliser industry
• Oil, energy sector PSUs marked for stake sale: Govt
• India narrowing gap with China on FDI inflows: Nomura
• Despite mkt volatility, MFs add 59 lakh folios in FY16
• Govt invites bids to sell 10% stake in Oil India
• Centre sets up IMG to speed up state mines auction

Today’s Wealth Mantra !

“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble”
― Warren Buffett

Morning Business News :

• Govt mulls liquidating some loss-making psus
• India trims American govt securities exposure to $118.8 billion
• Forex reserves at record high of $360.25 billion
• SAARC nations must work together to push trade: Secy
• China arrests 62 people in biggest telecom fraud
• Govt’s model bill on water to stress on storage creation
• India-France solar alliance talks of $1 trillion investment
• Concern over India’s nuclear liability law still remains: French firm
• No interest subsidy on crop loan beyond Rs 3 lakh, says panel
• Sebi mulls online registration for market entities
• 55% of RIL’s record net in FY16 comes from treasury income
• ‘There will be no Fed rate hikes in 2016; US dollar will continue to stabilise’
• Plastic may replace jute as material for packaging foodgrains
• Defence Minister Parrikar to meet industry bodies today
• Reliance Entertainment to relaunch video streaming platform Bigflix

 

• Fpis infuse $1.95 bn in equities so far this month
• Tata Motors officials, directors to meet on 27 April over ncds issuance
• Sunedison looks to woo investors in India business after US bankruptcy
• Reliance looking at long-term oil supplies from Iran
• Jet Airways’ shareholders approve jetlite merger with itself
• Fiat Chrysler recalls 1.1 million cars, suvs worldwide over rollaway issue

• Green panel gives nod for port, airport upgrades
• Private sector to play pivotal role in smart cities: Report
• US Fed seen holding rates with hike still on horizon
• Cairn India cuts capex by a third to $ 100 mn for FY17
• EPFO mulls system to discourage premature withdrawals
• SAT raps Sebi for blind support to adjudicating officers
• Reuben brothers top UK rich list, Hindujas at No 2
• Long-term view critical for stock investment returns
• Natural rubber likely to see bull run until June
• HDFC Bank Q4 profit up 20% at Rs 3,374 crore

Today’s Wealth Mantra !

“The stock market is filled with individuals who know the price of everything, but the value of nothing.”

– Phillip Fisher